COTI, which stands for "Currency of the Internet," is a Layer 1 blockchain platform designed to revolutionize digital payments by offering a scalable, secure, and efficient infrastructure. Utilizing a Directed Acyclic Graph (DAG architecture and its proprietary Trustchain protocol, COTI addresses common challenges in both centralized and decentralized finance, such as scalability, security, and transaction costs. This innovative approach enables COTI to process up to 100,000 transactions per second, making it a robust solution for enterprises, merchants, and developers seeking to build customized payment systems and issue stablecoins.
Key Features and Functionality:
- Trustchain Protocol: Employs a trust-based consensus mechanism where each user is assigned a Trust Score, influencing transaction validation speed and promoting positive network behavior.
- DAG Architecture: Allows parallel processing of transactions, enhancing scalability and reducing confirmation times compared to traditional blockchain structures.
- Proof of Trust (PoT: Combines Trustchain with a lightweight Proof of Work to prevent spam transactions and reduce energy consumption.
- MultiDAG Framework: Supports multiple DAGs for various applications, such as stablecoins and enterprise tokens, each operating independently yet sharing the same infrastructure.
- Smart Contracts: Facilitates on-chain execution of decentralized business logic, enabling developers to create and deploy smart contracts securely.
- Arbitration System: Provides a built-in mechanism for resolving disputes within the network, enhancing trust and reliability.
- Stablecoin and Enterprise Token Support: Enables institutions to issue custom stablecoins and tokens, expanding use cases in retail payments and cross-border transfers.
Primary Value and User Solutions:
COTI's primary value lies in its ability to offer a comprehensive, scalable, and secure payment infrastructure that caters to the evolving needs of the digital economy. By addressing the limitations of traditional blockchain systems, COTI provides:
- High Scalability: Capable of processing tens of thousands of transactions per second, facilitating seamless and efficient payment experiences.
- Low Transaction Costs: Reduces fees associated with digital payments, making it cost-effective for both businesses and consumers.
- Enhanced Security: Utilizes advanced consensus mechanisms and arbitration systems to ensure secure and trustworthy transactions.
- Versatility: Supports a wide range of applications, including daily payments, stablecoin issuance, enterprise payment systems, IoT device payments, and automated smart contract execution.
By integrating these features, COTI empowers users to build and manage their own payment solutions, fostering innovation and efficiency in the financial sector.
